CHARLES HUGH SMITH When borrowing become prohibitive (or impossible) and raising taxes no longer generates more revenues, state and local governments will have to cut expenditures. Strangely enough, every easily foreseeable financial crisis is presented […]
Dan Steinhart – Executive Editor, The Casey Report On April 10, 2006, Mexican authorities searched through a DC-9 jet at the airport in Ciudad del Carmen. They found more than five tons of cocaine… valued at […]
By Michael Snyder Is Barack Obama trying to kill the economy on purpose? On Sunday, we learned that Obama is imposing a nationwide 32 percent carbon dioxide emission reduction from 2005 levels by the year […]
by Raúl Ilargi Meijer DPC Heart of Chinatown, San Francisco, after earthquake and fire 1906 Nicole Foss: Our consistent theme here at the Automatic Earth since its inception has been that we are facing a […]
by Tyler Durden As Marc Faber said at SocGen’s January conference, if he could short central banks directly he would do so, but gold is the next best thing; and despite it being sucked into […]
By Tyler Durden of Zero Hedge China is slowly learning. On a day when market participants will care about only one thing – how hawkish (or dovish) the FOMC sounds at 2:00 pm (no Yellen press […]
by John Rubino These days no matter what the Federal Reserve actually says, the markets respond like dogs sensing a piece of bacon coming their way. This is so for several reasons: 1) The world […]
By Michael Snyder, Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer […]
By Stephen Lendman When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with […]
by John Rubino The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion […]
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